Gradient Investments LLC decreased its position in Colgate-Palmolive (NYSE:CL) by 24.9% during the 2nd quarter, Holdings Channel reports. The firm owned 606 shares of the company’s stock after selling 201 shares during the quarter. Gradient Investments LLC’s holdings in Colgate-Palmolive were worth $43,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tiemann Investment Advisors LLC lifted its position in Colgate-Palmolive by 2.4% during the 1st quarter. Tiemann Investment Advisors LLC now owns 6,455 shares of the company’s stock worth $442,000 after buying an additional 150 shares in the last quarter. Lynch & Associates IN lifted its position in Colgate-Palmolive by 0.6% during the 1st quarter. Lynch & Associates IN now owns 28,930 shares of the company’s stock worth $1,983,000 after buying an additional 160 shares in the last quarter. First National Bank of Omaha lifted its position in Colgate-Palmolive by 1.2% during the 1st quarter. First National Bank of Omaha now owns 13,499 shares of the company’s stock worth $925,000 after buying an additional 160 shares in the last quarter. Griffin Asset Management Inc. lifted its position in Colgate-Palmolive by 0.8% during the 1st quarter. Griffin Asset Management Inc. now owns 20,357 shares of the company’s stock worth $1,395,000 after buying an additional 164 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC lifted its position in Colgate-Palmolive by 4.7% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,666 shares of the company’s stock worth $251,000 after buying an additional 164 shares in the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on CL shares. Argus upped their price target on shares of Colgate-Palmolive from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Morgan Stanley set a $70.00 price target on shares of Edison International and gave the stock a “hold” rating in a research report on Monday, July 15th. Deutsche Bank upped their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Bank of America set a $80.00 price target on shares of Colgate-Palmolive and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Co set a $29.00 price target on shares of Establishment Labs and gave the stock a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.88.

Colgate-Palmolive stock opened at $73.69 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 32.25. Colgate-Palmolive has a 1 year low of $57.41 and a 1 year high of $74.67. The firm has a market cap of $63.26 billion, a P/E ratio of 24.81, a PEG ratio of 4.82 and a beta of 0.78. The company’s 50-day simple moving average is $73.15.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, July 26th. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. Colgate-Palmolive had a net margin of 15.08% and a negative return on equity of 3,730.37%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, research analysts expect that Colgate-Palmolive will post 2.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 18th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.72 dividend on an annualized basis and a yield of 2.33%. Colgate-Palmolive’s payout ratio is presently 57.91%.

In related news, SVP John J. Huston sold 473 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $72.93, for a total value of $34,495.89. Following the sale, the senior vice president now directly owns 59,668 shares in the company, valued at approximately $4,351,587.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ian M. Cook sold 19,500 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $74.19, for a total transaction of $1,446,705.00. Following the completion of the sale, the insider now owns 1,127,542 shares in the company, valued at $83,652,340.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 362,184 shares of company stock worth $25,909,426. Corporate insiders own 1.14% of the company’s stock.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.

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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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